In addition to growing their cloud presence in the capital markets, Big Tech companies are, unsurprisingly, taking the lead on encryption and security in the cloud. Anthony sees positives and negatives. He also looks at bank-led consortiums.
Having signed a trio of new banks to its financial services-specific cloud, the computing giant is betting on cutting-edge technologies like confidential computing to entice banks threatened by big tech firms.
A summary of some of the past week’s financial technology news.
The exchange’s pilot application to model enterprise risks cuts computation time from 10 years to 30 minutes.
IBM, which recently set a new world record for tape storage, says a lot of its financial services clients use the medium for storage as its cheaper and safer than other digital storage options. Others are skeptical of tape’s long-term prospects.
Anthony takes a look at an interesting announcement between FactSet and Microsoft and what it could hint at as to Microsoft’s future in the capital markets. He also examines Algorithmics in the year after the SS&C acquisition.
After eight years with IBM, Algorithmics has grown its staff significantly in the year since SS&C bought the risk analytics provider. The vendor is now taking aim at tapping into SS&C’s roster of buy-side users by embedding with the likes of Advent and…
Last year, most (if not all) financial technology providers either completed or started major projects that involved moving their products and services to the cloud. WatersTechnology looks at 15 of the more interesting cloud-migration initiatives from…
A look at some of the key "people moves" from this week, including Gary D.Cohn (pictured), who has been appointed vice chairman at IBM.
If banks want to future-proof against quantum computing disruption, Anthony says they need to start experimenting now. But there’s another reason to start down this path: as Goldman Sach’s William Zeng explains, there’s a lot of funding that’s available…
The two firms spent the better part of 2020 developing a detailed analysis of the quantum computing resources needed to achieve quantum advantage in derivatives pricing. Execs from IBM and Goldman explain why this benchmark is important for future…
WatersTechnology looks at how 10 different firms are embedding machine learning algorithms into their platforms and tools.
A look at some of the key "people moves" from this week, including Heidi Lanford (pictured), who has been appointed chief data officer at Fitch Group.
IBM’s general manager of global banking joins to talk about challenges and opportunities surrounding public cloud adoption and containerization.
Technology vendors have begun adopting Kubernetes and Docker to speed up application development and deployment at banks, but rethinking old ways will not be easy.
After its acquisitions of Red Hat and Promontory, IBM is looking to expand its footprint in the capital markets through containerization, as well as reg reporting in the cloud.
Anthony wonders if AML platforms are being scrutinized enough by banks and regulators, then looks at Wells Fargo's tapping of HPR for its quant division and Northern Trust’s blockchain plans.
Right now, details are scarce for the project, but Jo says that even if the initiative fails to get off the ground, it marks a big step in the bloc’s effort to achieve digital sovereignty.
As Europe prepares for a new batch of outsourcing rules, some firms are looking for answers on how to test exit strategies and mitigate concentration risk.
Use cases for quantum computing are piling up—from CVA to VAR. But so are the obstacles
ABN, ING and Rabobank are exploring quantum for regulatory stress tests. In the US, Zapata Computing is seeking a patent for the same.
Anthony looks at an interesting project using causal inference by IBM and Refinitiv, and what this latest evolution of machine learning could mean for innovation in the capital markets in the future.
The two companies are in the early stages of using causal inference to help firms build machine learning models that are better able to handle disruption from events like the Covid-19 pandemic.
Experts from IBM and Bank of China say they're on the lookout for this emerging threat, as machine learning gains in popularity.